Prospectus shows the equity structure of the company after the listing, including the president, Wu Ding Ding family, including No. 3 together hold 1.095 billion shares, representing 54.75% of shares of listed companies. Only price, it's 361 degrees after the listing, this part of the market price of the shares on the nearly 4 billion Hong Kong dollars.
Hong Kong Stock Exchange news shows, 361 degree stock code 01361, was June 15 listing road show, 18 began offering, 23 closed subscription, the shares were listed on the end of today.
Retail 41 times oversubscribed
361 degrees according to the preliminary prospectus document, the total number of 500 million offering of new shares, of which 450 million shares of the International Placing, 5000 public offering of shares in Hong Kong and another 15% of the over-allotment option. Initial IPO price set at 3.15 ~ 4.35 Hong Kong dollars, fund size of 15.75 ~ 2.175 billion Hong Kong dollars.
Yesterday, 361 degrees in the Hong Kong Stock Exchange website published the results with hair. In the IPO stage, 361 degrees access to more than 40,000 applications and issued for part of retail investors got subscribed 41 times, for the release of some institutional investors were given 10 times subscribed, the two combined 20 billion of funds frozen Hong Kong dollar.
361 degrees, said, due to a substantial over-subscription, the IPO has increased from 150 million shares, accounting for the Global Offering, 30% of the total number of shares. According to the Hong Kong dollar 3.61 set the offer price, the actual funding of about 1.81 billion Hong Kong dollars.
The head 361 degrees to the "Daily Economic News" said the IPO funds raised in the company, 38.9% for promotion and sponsorship activities, 32.2% for the development of factories in Fujian, and 9% for the development of unique children's clothes brand. Will increase the company's future sales of first-tier cities in the Mainland outlets, consolidation of two or three tier cities. He said the company plans to increase its sales network in 2010 to over 6900, and plans to open 25 flagship stores.
Disclosure of information 361 degrees, 361 degrees in Jinjiang City, Fujian Province, the existing 16 footwear production lines, production capacity of approximately 13.6 million pairs of shoes products. As of June 30, 2008, 361 degrees of existing sales network stores 5900, full year gross margin was 348 million yuan, compared with growth of 3.51 times over the same period of 2007, gross margin was 26.42%, higher than the same period in 2007, up 5.78 percentage points .
Ding family net worth rose 4.0 billion
361 degree market, shareholders also will emerge the Ding family.
In 1983, Ding was established through investment of 2,000 yuan Beautiful shoe, which is the predecessor of the first 361 degrees. In 1986, Huafeng shoe renamed the "everything music", was first introduced to Taiwan's shoe machinery manufacturing shoes and sports shoes. In 1994, all things music company changed its name to Buick, production of own brand sports shoes. Later, due to trademark issues with the Buick car, renamed the 361 degrees.
Since 2004, Ding phased out through the decision-making enterprise. Public information, early in 2008, Ding Ding Wu Tung-law No. 361 degrees has served as president of Ding's son took over as chairman of the board through to become the second generation of business leaders. As the son, son-full power, 361 degrees were listed on the agenda.
According to the "Daily Economic News" to report, as always there is no introduction of strategic investors, the shares have been 361 degrees from the small number Wu, Ding Huirong and Ding Huihuang three control, which, Ding Huirong and Dinghui Huang brothers, Ding Wu number is two of the brother. Each of them holds a 361 degree 25%, 49%, 26% of the shares. October 2002, as an equity incentive, Ding Huirong add to Wang Jia Bi and Wang Chen brothers were 12.5% of the equity transfer. In the same year, his father Ding Ding Huihuang to pass a symbolic transfer of a 2% stake. Two equity transfer, the 361 degree balanced ownership structure formed. Ding Wu holds a number listed before the 361 degree 25% of the shares, as president; Ding brothers each own 24% of the shares, as Chairman of the Board and Vice President positions.
According to the prospectus shows the capital structure of companies listed, including the president, Wu Ding Ding family, including No. 3 together hold 1.095 billion shares, representing 54.75% of shares of listed companies. Only price, it's 361 degrees after the listing, this part of the market price of the shares on the nearly 4 billion Hong Kong dollars.